88/ (Allegation #88) Does Adani Group truly view itself as an organization with sound corporate governance that embodies its slogan, “ rowth With oodness?” Yes. Adani companies follow high standards of corporate governance in line with global best practices. In the last 10 years, Adani portfolios of companies have emerged as epitome in terms of governance. Adani portfolio companies have instituted various corporate governance policies and committees including our Corporate Responsibility Committee (“CRC”) consisting solely of independent directors tasked with keeping the Board of Directors informed about the ESG performance of businesses. Our ESG approach is based on well-thought out goals, commitments and targets which are independently verified through an assurance process. The image below provides an overview of our governance framework. As a result of these initiatives, Adani Enterprises Limited (AEL) is one the only company in India, in its sector to be included in the Dow Jones Sustainability Index ("DJSI") Emerging Market index and were ranked seventh in our global peer group (135 companies selected by S&P Global). AEL scored 51/100 against the industry average of 21 / 100, achieving a 96th percentile position in 2022 by S&P Global. Similarly, below is the ESG credentials of Adani Portfolio companies, 52